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SBA lender rankings

The best SBA lenders, by the data

The top 100 SBA 7(a) and 504 lenders, ranked by funded volume and charge-off track record. Our ranking comes straight from the public SBA data, not from who pays us.

By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31

3,304 lenders ranked from 1,036,074 funded SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31

Key takeaways

How this ranking differs from pay-to-play marketplaces

No lender pays to appear on this page or to rank higher on it. The order above is set entirely by funded volume and 7(a) charge-off track record in the public SBA data.

That is not how most lender-comparison sites work, and to their credit, most say so plainly. Bankrate's advertising disclosure states that the compensation it receives from listed companies can affect how, where, and in what order products appear. NerdWallet's advertiser disclosure states that partner compensation is one of several factors that can affect which products it highlights and where they appear. Both are legitimate, disclosed business models. We simply do not use one: no lender can buy a better spot in this ranking.

Our own revenue model, and what we do and do not accept payment for, is on our editorial policy page.

How we rank. By total funded SBA volume in the public data, with each lender's charge-off rate shown so you can weigh activity against track record. "Most active" is not the same as "best for you"; the right lender depends on your state, industry, and loan size.

Top 100 SBA lenders by funded volume

# Lender 7(a) and 504 volume 7(a) charge-off
1 Live Oak Banking Company $22.6B 1.1%
2 The Huntington National Bank $19.2B 3.0%
3 Wells Fargo Bank National Association $17.3B 5.9%
4 U.S. Bank, National Association $10.5B 3.7%
5 JPMorgan Chase Bank, National Association $8.4B 5.5%
6 Celtic Bank Corporation $7.0B 9.4%
7 Byline Bank $7.0B 5.1%
8 Mortgage Capital Development Corporation $6.4B 3.2%
9 Newtek Small Business Finance, Inc. $6.0B 3.2%
10 Bank of Hope $5.4B 4.4%
11 CDC Small Business Finance Corp. $5.3B 10.5%
12 Readycap Lending, LLC $5.3B 1.3%
13 Enterprise Bank & Trust $5.3B 0.6%
14 Newtek Bank, National Association $5.3B 0.0%
15 Columbia Bank $4.9B 4.6%
16 TD Bank, National Association $4.7B 8.5%
17 PNC Bank, National Association $4.6B 6.3%
18 Florida Business Development Corporation $4.4B 5.6%
19 KeyBank National Association $4.3B 2.6%
20 Empire State Certified Development Corporation $4.2B 8.5%
21 Truist Bank $4.1B 3.3%
22 Florida First Capital Finance Corporation, Inc. $4.0B 0.0%
23 Pinnacle Bank $3.7B 3.2%
24 Metro City Bank $3.5B 1.4%
25 Manufacturers and Traders Trust Company $3.5B 5.4%
26 Business Finance Capital $3.4B 0.0%
27 Fifth Third Bank $3.3B 3.5%
28 First Financial Bank $3.2B 2.8%
29 SouthState Bank, National Association $3.1B 1.9%
30 Harvest Small Business Finance, LLC $3.0B 0.1%
31 Bank of America, National Association $3.0B 1.0%
32 BayFirst National Bank $2.9B 8.1%
33 California Statewide Certified Development Corporation $2.9B 2.4%
34 BMO Bank National Association $2.9B 1.9%
35 Mountain West Small Business Finance $2.8B 4.0%
36 Commonwealth Business Bank $2.7B 1.2%
37 Open Bank $2.7B 0.9%
38 Northeast Bank $2.7B 2.2%
39 Beacon Bank and Trust $2.6B 3.1%
40 Banc of California $2.6B 2.8%
41 GBank $2.6B 0.7%
42 WBD, Inc. $2.6B n/a
43 Small Business Growth Corporation $2.6B n/a
44 First Internet Bank of Indiana $2.5B 1.9%
45 United Midwest Savings Bank National Association $2.5B 7.7%
46 Old National Bank $2.5B 2.7%
47 Zions Bank, A Division of $2.5B 3.6%
48 Hanmi Bank $2.4B 3.4%
49 United Community Bank $2.3B 3.0%
50 PCB Bank $2.2B 1.8%
51 Capital Certified Development Corporation $2.2B 2.6%
52 Regions Bank $2.2B 3.3%
53 Granite State Economic Development Corporation $2.0B n/a
54 First National Bank of Pennsylvania $2.0B 5.9%
55 Stearns Bank National Association $2.0B 8.0%
56 First Bank of the Lake $2.0B 1.0%
57 Fulton Bank, National Association $1.9B 3.6%
58 B:Side Capital $1.8B 13.1%
59 BankUnited, National Association $1.8B 4.0%
60 Bank Five Nine $1.7B 2.4%
61 Citizens Bank $1.7B 2.8%
62 Wallis Bank $1.7B 2.4%
63 SomerCor 504, Inc. $1.7B 4.1%
64 Ameris Bank $1.7B 3.8%
65 Simmons Bank $1.6B 8.3%
66 East West Bank $1.6B 3.1%
67 Trenton Business Assistance Corporation $1.6B 3.3%
68 Evergreen Business Capital $1.6B 12.5%
69 US Metro Bank $1.6B 1.0%
70 NewBank $1.6B 2.6%
71 Business Finance Group, Inc. $1.5B 6.1%
72 First Bank $1.5B 3.5%
73 SBA CLSC Servicing $1.5B 0.0%
74 The Bancorp Bank National Association $1.5B 3.8%
75 First-Citizens Bank & Trust Company $1.5B 3.4%
76 United Business Bank $1.4B 2.4%
77 First Merchants Bank $1.4B 2.8%
78 UMB Bank, National Association $1.3B 3.5%
79 Bay Area Employment Development Company $1.3B n/a
80 Peoples Bank $1.3B 3.3%
81 Midwest Regional Bank $1.3B 6.3%
82 Glacier Bank $1.3B 1.8%
83 Wilmington Savings Fund Society FSB $1.2B 3.3%
84 Capital Access Group, Inc. $1.2B n/a
85 Midwest Business Finance Corporation $1.2B n/a
86 PromiseOne Bank $1.2B 1.7%
87 Michigan Certified Development Corporation $1.2B 0.0%
88 First Commonwealth Bank $1.1B 1.7%
89 HomeTrust Bank $1.1B 1.6%
90 Gulf Coast Bank and Trust Company $1.1B 3.4%
91 New England Certified Development Corporation $1.1B n/a
92 Citizens Bank, National Association $1.1B 2.8%
93 TowneBank $1.1B 0.9%
94 Bay Colony Development Corporation $1.1B n/a
95 FinWise Bank $1.1B 2.0%
96 Northwest Business Development Association $1.1B n/a
97 T Bank, National Association $1.0B 1.9%
98 Busey Bank $1.0B 3.6%
99 Northwest Bank $1.0B 1.5%
100 The Bank of Princeton $1.0B 4.9%

Best SBA lenders by the data

Three ways to read the same dataset, each answering a different question about "best."

Best track record
Newtek Bank, National Association

0.01%

7(a) charge-off rate, the lowest among the 220 lenders with at least 500 funded 7(a) loans.

Most active
Live Oak Banking Company

$22.6B

Funded SBA volume, the most of any lender in the data (17,169 loans).

Best for small loans
American Savings Bank, National Association

$49,449

Average 7(a) loan size, the lowest among the 217 lenders that fund only 7(a) loans with at least 500 funded.

504-only CDCs are excluded from the track-record comparison: charge-off is reported on 7(a) loans only, so a CDC with no 7(a) volume shows "not reported," never 0%.

How to pick the right one

The biggest lenders are fast and experienced with SBA paperwork, but a lender active in your state and industry often matters more. Use Lender Match to see the lenders that actually fund businesses like yours, and read how to choose an SBA lender.

Best SBA lenders by state

Lending is local: the national #1 is often not the leader where you are. Each page below ranks a state's most active lenders by loans funded there, with in-state 7(a) charge-off track records, the 7(a) vs 504 leaders, and where the money concentrates.

Also see the most active lenders by industry and the full state lending data.

Frequently asked questions

How are these SBA lenders ranked?

By funded volume and 7(a) charge-off track record in the public SBA FOIA 7(a) and 504 data, computed the same way for every lender, currently 3,304 of them. See our methodology for the exact calculation.

Does a lender pay to appear or rank higher on this page?

No. No lender pays to appear or to rank. The order comes entirely from funded volume and charge-off rate in the public SBA data, the same way for every lender.

Why do some lenders show 'not reported' instead of a charge-off rate?

Charge-off is reported only on SBA 7(a) loans; the SBA's 504 dataset never carries that field. A CDC that only does 504 loans shows "not reported," never 0%, because 0% would wrongly imply a perfect track record we cannot actually measure for that lender.

Is the most active lender the right one for my business?

Not necessarily. Live Oak Banking Company funded more SBA volume than any other lender in the data, but the right lender for you usually depends on your state, industry, and loan size. Use Lender Match or Get Matched to see lenders that actually fund businesses like yours.

How often is this ranking updated?

We refresh it after the SBA posts a new quarterly extract of its FOIA data. The current build is as of 2026-03-31.

See the lenders that funded businesses like yours

Get matched with the SBA lenders that actually fund businesses like yours, ranked on real loan data by state, industry, and size. Independent: your details go only to the lenders we match you to, never to data brokers.

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Method and disclaimer. Ranking is by funded volume in the public SBA FOIA 7(a) and 504 data (as of 2026-03-31); see our methodology. Charge-off rate is not a lifetime default rate. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.